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      What is Elongate – A new coin - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      February 8, 2022

      2:47 PM UTC

      What is Elongate – A new coin - Stocks Telegraph

      The cryptocurrency to recently make waves is Elongate. Cryptocurrency has changed dramatically over the last few years. Virtual currencies have a real-life value attached to them now. Innovation of the King and Queen is also trying to be replicated. Some currencies are found on functional features while a lot are found based on a meme. Elongate is a new joke cryptocurrency that has recently gained an amount of publicity on the web.

      How did it Started – Elongate

      A novel cryptocurrency being a joke but people still speculating about where Elongate is ‘going to the moon,’ as crypto fans say these days. Elon Musk’s ‘Elongate’ concept started with an old tweet in which he tells his Twitter followers that if he gets into a fight, they should call it ‘Elongate.’ Following Musk’s post, a fast admirer created the Elongate website. The official website for this cryptocurrency is

      Built on the Binance Smart Chain, the cryptocurrency has many wonderful features. One is that of being frictionless. Another is being high-yielding. It is also deflationary which means that the total max supply of the coin is diminished or “deflated” with the passage of time.

      The joke has gained momentum among the minds of the masses and those that extremely admire Elon Musk. His tweets control the price movement of the Elongate. Although not a new practice created by Elon Musk, the crypto market is fickler and therefore can be easily manipulated.

      An Elongate website was created to jumpstart the whole cryptocurrency joke. Ten percent was taken out of every transaction. The ten percent collected was distributed for philanthropic endeavors.

      Elongate differentiates from DogeCoin. After a certain limit is reached, there will be no newer able to be minted. As a result, if the currency becomes extremely popular, its price has a lot of room to climb.

      A place to purchase

      Until now Elongate hasn’t been accessible or tradable on different centralized exchanges such as the Binance exchange or Kucoin. For now,  it wouldn’t be there until it gets a ton of attraction from the market. At the moment, it can be bought from pancakeswap (a DEX). It is only needed that BUSD or BNB are bought from any exchange and subsequently transferred to a personal wallet which can then be connected to pancakeswap to initiate the exchange.

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